Project Finance and Accounts Support (LC) - Belgaum, Karnataka

6 - 11 years

6 - 12 Lacs

Belgaum

Posted:2 weeks ago| Platform: Naukri logo

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Skills Required

Banking Operations letters of credit Treasury Operations Lc Documentation LC

Work Mode

Work from Office

Job Type

Full Time

Job Description

Role & responsibilities Review and verify letters of credit, standby LCs and related trade documents to ensure compliance with applicable rules and terms. Have Treasury experience at least 5-10 years. Should have SAP Exposure would be added advantage. Maintaining all ULC and Recon with charges. Coordinate with clients, banks, suppliers and internal departments to facilitate LC transactions. Responsible for timely payment of Supplier/Contractor. Review Draft, issue, amend, and cancel letters of credit. Check documents presented under LCs for discrepancies and advise clients accordingly. Handle the full cycle of LC processing from application to payment/settlement. Maintain accurate records of all LC transactions and ensure timely follow-up. Monitor LC expiry dates, shipment deadlines and ensure timely submission of documents. Accounting of LC related transactions in SAP. Prepare periodic reports for management on LC transaction status. Ensure all credit data is evaluated and adheres to bank policies and procedures in order to approve or deny application.

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